Canada Stops China's Aecon Bid

摘要

Canada's rejection of a Chinese takeover bid for Aecon Group Inc. has thrust one of the country's top infrastructure firms into limbo. Citing national security concerns, the Trudeau government on May 23 halted advanced plans by CCCC International Holding Ltd., a Chinese state-owned firm, to buy the publicly traded firm for nearly $1 billion. The action has left the firm with no new suitor in sight and with an outgoing chief.